The Grattan Institute has released a new report warning of risks to Australia’s social fabric if the transition to a net zero economy is not well managed, with ten of thousands of coal-mining jobs tipped to disappear over coming decades.
Grattan has described the transition as the ‘next industrial revolution’, but claims that Australia’s current industrial policies are not yet prepared for that transition. It has, therefore, called on the federal government to offer funding for green steel and aluminium industries and to phase out policies that encourage greater extraction of oil and gas so as to give Australia its best chance to “flourish in a net zero global economy”.
Below is the report’s Overview and Recommendations alongside key charts:
Overview
